Provident Financial Services
154 hedge funds and large institutions have $1.06B invested in Provident Financial Services in 2017 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 55 increasing their positions, 53 reducing their positions, and 16 closing their positions.
4% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 53
4% less capital invested
Capital invested by funds: $1.1B → $1.06B (-$44.9M)
1.68% less ownership
Funds ownership: 64.07% → 62.39% (-1.7%)
3% less funds holding
Funds holding: 159 → 154 (-5)
25% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Aberdeen Asset Management
Aberdeen,
United Kingdom
|
+$4.67M |
| 2 |
Northern Trust
Chicago,
Illinois
|
+$3.3M |
| 3 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
+$3.1M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$2.35M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$2.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
-$17.3M |
| 2 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$2.81M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
-$2.7M |
| 4 |
JP Morgan Chase
New York
|
-$2.59M |
| 5 |
KTA
Keeley-Teton Advisors
Chicago,
Illinois
|
-$2.06M |
PFS Hedge Fund Activity: Q2 2017 in Review
154 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q2 2017, worth a combined $1.06B — down 4.1% from $1.1B a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of PFS and 12 opened new positions — a net loss of 4 holders — while 53 trimmed existing stakes and 55 added.
The largest buyer was Aberdeen Asset Management, opening a new position worth an estimated $4.67M. The largest seller was Principal Financial Group, cutting an estimated $17.3M.
- 154 institutional investors held Provident Financial Services (PFS) as of Q2 2017, down from 159 in Q1 2017.
- Funds reported $1.06B of Provident Financial Services stock for Q2 2017, down 4.1% quarter-over-quarter.
- 12 funds opened new Provident Financial Services positions in Q2 2017 and 16 closed out, a net change of -4 holders.
- The largest Provident Financial Services buyer in Q2 2017 was Aberdeen Asset Management, an estimated $4.67M added.
- The largest Provident Financial Services seller in Q2 2017 was Principal Financial Group, an estimated $17.3M sold.
Based on aggregated 13F filings for Q2 2017.